2022 Best Value Bachelor’s Degree Colleges for Economics (Income $48-$75k) in Michigan
Students have lots of options to chooose from today when trying to decide which college to attend. College Factual was founded, in part, to help students make the decision as to what would be the best school for them. Our “Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $48-$75k” ranking is part of that endeavor.
Economics is the 18th most popular major in the country with 48,831 degrees awarded in 2019-2020. In 2017-2018, economics graduates who were awarded their degree in 2015-2017, earned an average of $47,295 and had an average of $21,978 in loans still to pay off.
Across Michigan, there were 1,402 economics graduates with average earnings and debt of $41,425 and $23,888 respectively. At the bachelor’s degree level specifically, there were 1,221 economics graduates with average earnings and debt of $40,161 and $25,915 respectively.
For this year’s “Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $48-$75k” ranking, we looked at 17 colleges that offer a degree in economics. This ranking identifies schools with high-quality economics programs that also have a lower cost than schools of similar quality.
Some of the factors we look at when determining these rankings are overall quality of the economics program at the school and the cost of the school after aid is awarded among other things. For more information, check out our ranking methodology.
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The economics school you choose to invest your time and money in matters. To help you make the decision that is right for you, we’ve developed a number of major-specific rankings, including this list of “Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $48-$75k”.
You can create your own custom comparison that focuses on the factors most important to you using our tool, College Combat. Test it out by comparing your favorite schools against others you are considering, or bookmark the tool so you can experiment with it later.
Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $48-$75k
The following schools top our list of the Best Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $48-$75k.
Top 17 Best Value Bachelor’s Degree Colleges for Economics (Income $48-$75k) in Michigan
You’ll join some of the best and brightest minds around if you attend University of Michigan - Ann Arbor. The school came in at #1 for the Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $48-$75k. University of Michigan - Ann Arbor is located in Ann Arbor, Michigan and, has a large student population. In 2019-2020, this school awarded 586 bachelors’s economics degrees to qualified students.
In addition to being on our michigan bachelor’s degree economics students whose families make $48-$75k list, U-M has also earned the #1 rank in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. The estimated yearly cost for U-M is $10,028 for Michigan Bachelor’s Degree Economics students whose families make $48-$75k.
Students who start out at the school are likely to stick around. The freshman retention rate is 96%. The school has an impressive student loan default rate. It’s only 1.2%, which is much lower than the national rate of 10.1%.
You’ll be in good company if you decide to attend University of Michigan - Dearborn. It ranked #2 on our 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $48-$75k list. University of Michigan - Dearborn is a public institution located in Dearborn, Michigan. The school has a medium-sized population, and it awarded 27 bachelors’s degrees in 2019-2020.
As a testament to the quality of education offered at UM Dearborn, the school also landed the #10 spot in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. It costs about $10,553 for Michigan Bachelor’s Degree Economics students whose families make $48-$75k per year to attend UM Dearborn.
The student loan default rate at the school is 4.5%, which is quite low when compared to the national default rate of 10.1%.
You’ll be in good company if you decide to attend Oakland University. It ranked #3 on our 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $48-$75k list. Oakland is a fairly large school located in Rochester Hills, Michigan that handed out 10 bachelors’s economics degrees in 2019-2020.
Oakland also took the #13 spot in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. The estimated yearly cost for Oakland is $10,387 for Michigan Bachelor’s Degree Economics students whose families make $48-$75k.
You’ll be in good company if you decide to attend Albion College. It ranked #4 on our 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $48-$75k list. Albion, Michigan is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 27 students in 2019-2020.
Albion did well in our major quality rankings, too. It placed #7 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. The yearly cost to attend Albion College is $14,499 for michigan bachelor’s degree economics students whose families make $48-$75k.
You’ll join some of the best and brightest minds around if you attend University of Detroit Mercy. The school came in at #5 for the Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $48-$75k. Detroit Mercy is a private not-for-profit institution located in Detroit, Michigan. The school has a small population, and it awarded 18 bachelors’s degrees in 2019-2020.
Detroit Mercy also made our “Best Economics Bachelor’s Degree Schools in Michigan” list, coming in at #5. It costs about $17,242 for Michigan Bachelor’s Degree Economics students whose families make $48-$75k per year to attend Detroit Mercy.
The school has an excellent freshman retention rate of 86%, which means students like the school well enough to return for a second year. The school has an impressive student loan default rate. It’s only 3.5%, which is much lower than the national rate of 10.1%.
Michigan State University did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $48-$75k ranking, coming in at #6. This large school is located in East Lansing, Michigan, and it awarded 316 bachelors’s economics degrees in 2019-2020.
Michigan State did well in our major quality rankings, too. It placed #2 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. It costs about $20,696 for michigan bachelor’s degree economics students whose families make $48-$75k per year to attend Michigan State University.
Students who start out at the school are likely to stick around. The freshman retention rate is 91%. The low student loan default rate of 3.6% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
Grand Valley State University did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $48-$75k ranking, coming in at #7. Allendale, Michigan is the setting for this large institution of higher learning. The public school handed out bachelors’s economics degrees to 20 students in 2019-2020.
GVSU did well in our major quality rankings, too. It placed #8 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. It costs about $15,775 for michigan bachelor’s degree economics students whose families make $48-$75k per year to attend Grand Valley State University.
The school has an impressive student loan default rate. It’s only 3.7%, which is much lower than the national rate of 10.1%.
Read full report on Economics at Grand Valley State University
Aquinas College Michigan ranked #8 on this year’s Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $48-$75k list. Aquinas College Michigan is located in Grand Rapids, Michigan and, has a small student population. In 2019-2020, this school awarded 4 bachelors’s economics degrees to qualified students.
Aquinas College Michigan did well in our major quality rankings, too. It placed #9 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. The yearly cost to attend Aquinas College Michigan is $17,715 for michigan bachelor’s degree economics students whose families make $48-$75k.
Wayne State University landed the #9 spot on the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $48-$75k ranking. Wayne State is a public institution located in Detroit, Michigan. The school has a large population, and it awarded 36 bachelors’s degrees in 2019-2020.
Wayne State not only placed well in this ranking. It is also #14 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. The estimated yearly cost for Wayne State University is $13,668 for michigan bachelor’s degree economics students whose families make $48-$75k.
University of Michigan - Flint did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $48-$75k ranking, coming in at #10. UM Flint is located in Flint, Michigan and, has a medium-sized student population. In 2019-2020, this school awarded 9 bachelors’s economics degrees to qualified students.
In addition to being on our michigan bachelor’s degree economics students whose families make $48-$75k list, UM Flint has also earned the #15 rank in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. It costs about $13,343 for michigan bachelor’s degree economics students whose families make $48-$75k per year to attend University of Michigan - Flint.
Central Michigan University did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $48-$75k ranking, coming in at #11. Central Michigan University is a fairly large school located in Mount Pleasant, Michigan that handed out 17 bachelors’s economics degrees in 2019-2020.
Central Michigan also took the #12 spot in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. The yearly cost to attend Central Michigan is $14,591 for Michigan Bachelor’s Degree Economics students whose families make $48-$75k.
Eastern Michigan University did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $48-$75k ranking, coming in at #12. Eastern Michigan University is a public institution located in Ypsilanti, Michigan. The school has a fairly large population, and it awarded 19 bachelors’s degrees in 2019-2020.
In addition to being on our michigan bachelor’s degree economics students whose families make $48-$75k list, Eastern Michigan has also earned the #17 rank in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. It costs about $16,042 for michigan bachelor’s degree economics students whose families make $48-$75k per year to attend Eastern Michigan.
With a ranking of #13, Hope College did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $48-$75k list. Hope College is a private not-for-profit institution located in Holland, Michigan. The school has a small population, and it awarded 15 bachelors’s degrees in 2019-2020.
Hope did well in our major quality rankings, too. It placed #3 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. The yearly cost to attend Hope is $20,372 for Michigan Bachelor’s Degree Economics students whose families make $48-$75k.
The school has an excellent freshman retention rate of 87%, which means students like the school well enough to return for a second year. The student loan default rate at the school is 2.1%, which is quite low when compared to the national default rate of 10.1%.
Kalamazoo College did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $48-$75k ranking, coming in at #14. This small school is located in Kalamazoo, Michigan, and it awarded 20 bachelors’s economics degrees in 2019-2020.
K College also made our “Best Economics Bachelor’s Degree Schools in Michigan” list, coming in at #4. It costs about $22,229 for Michigan Bachelor’s Degree Economics students whose families make $48-$75k per year to attend K College.
The school has an impressive student loan default rate. It’s only 1.2%, which is much lower than the national rate of 10.1%.
Northern Michigan University landed the #15 spot on the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $48-$75k ranking. Northern Michigan University is a public institution located in Marquette, Michigan. The school has a medium-sized population, and it awarded 14 bachelors’s degrees in 2019-2020.
As a testament to the quality of education offered at Northern Michigan University, the school also landed the #16 spot in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. The yearly cost to attend Northern Michigan University is $15,753 for Michigan Bachelor’s Degree Economics students whose families make $48-$75k.
Calvin University did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $48-$75k ranking, coming in at #16. Calvin is a private not-for-profit institution located in Grand Rapids, Michigan. The school has a small population, and it awarded 21 bachelors’s degrees in 2019-2020.
As a testament to the quality of education offered at Calvin, the school also landed the #6 spot in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. The estimated yearly cost for Calvin is $23,773 for michigan bachelor’s degree economics students whose families make $48-$75k.
The school has an excellent freshman retention rate of 87%, which means students like the school well enough to return for a second year. The school has an impressive student loan default rate. It’s only 1.6%, which is much lower than the national rate of 10.1%.
Western Michigan University came in at #17 in this year’s edition of the Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $48-$75k ranking. Kalamazoo, Michigan is the setting for this fairly large institution of higher learning. The public school handed out bachelors’s economics degrees to 10 students in 2019-2020.
WMU also made our “Best Economics Bachelor’s Degree Schools in Michigan” list, coming in at #11. The estimated yearly cost for Western Michigan University is $19,841 for michigan bachelor’s degree economics students whose families make $48-$75k.
- Best Value Bachelor’s Degree Colleges for Economics (Income $48-$75k) in the Great Lakes Region
- Best Value Bachelor’s Degree Colleges for Economics (Income $48-$75k)
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Notes and References
References
- The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of our data about colleges.
- Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
- Information about the national average student loan default rate is from the U.S. Department of Education and refers to data about the 2016 borrower cohort tracking period for which the cohort default rate (CDR) was 10.1%.
Read more about our data sources and methodologies
Footnotes
- *Average salary, average net price, and average tuition and fees are for the top schools only.
- Some schools otherwise deserving of recognition may have been removed from this ranking in the event that new data identified post-publication warranted it, or at the request of the school.
Credits
- Credit for the banner image above goes to pixabay.
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